Solar3D, Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year Ended December 31, 2014 and Full Year of 2015
March 03, 2015 at 04:25 pm EST
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Solar3D, Inc. provided earnings guidance for the fourth quarter and full year ended December 31, 2014 and full year of 2015. For the quarter, the company expects revenues to be in the range of $5.0 million to $6.0 million.
For the year 2014, the company expects revenues to be in the range of $19.5 million to $20.5 million. Adjusted EBITDA is expected to be in the range of $900,000 to $1 million. Operating loss is expected to be in the range of $450,000 to $550,000.
For the year 2015, the company believes revenues will be in the range of $40 million to $45 million.
Sunworks, Inc. provides photovoltaic (PV) and battery-based power and storage systems for residential and commercial markets. The Company's commercial projects include commercial, agricultural, industrial, and public works projects. It operates through three segments: Residential Solar, Commercial Solar Energy, and Corporate. Residential Solar segment designs, arrange finances, integrates, installs, and manages systems, primarily for residential homeowners. The Commercial Solar Energy segment designs, arrange finances, integrates, installs, and manages systems ranging in size from 50kW (kilowatt) to multi-MW (megawatt) systems primarily for larger commercial and public works projects. Its commercial installations include installations at office buildings, manufacturing plants, warehouses, service stations, churches, and agricultural facilities such as farms, wineries, and dairies. Its public works installations include school districts, federal facilities and local municipalities.
SUNWORKS, INC. 